Attachments: The One: Price Action and Reaction

The One: Price Action and Reaction

#61
Nov 9, 2015 4:43am Nov 9, 2015 4:43am

rockthepips
| Joined Nov 2014 | Status: Trader | 192 Posts

I dont know man.
Instead of posting charts where you "predict" the price from the past (sic), why not post future price levels or live trade? Would be more serious.

#62
Nov 9, 2015 5:14am Nov 9, 2015 5:14am

pipgame
| Joined Apr 2009 | Status: winner never quit;quitter never win | 207 Posts

Quoting rockthepips

Disliked

I dont know man. Instead of posting charts where you "predict" the price from the past (sic), why not post future price levels or live trade? Would be more serious.

Ignored

hi, rockthepips

If we want the truth, we have to be very good observers.... the truth is always at the background...... this is the nature of all things on earth......

just my view

#63
Nov 9, 2015 5:47am Nov 9, 2015 5:47am

seahorse
| Joined Oct 2015 | Status: Trader | 752 Posts

Fiber, we may have a high at 1.07925 and now return to test 1.07410

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#64
Nov 9, 2015 7:03am Nov 9, 2015 7:03am

Squiggles
Joined Nov 2014 | Status: Trader | 1,736 Posts

Hi Eaglestar
It's very kind of you to take time out and make the effort to share your methods from scratch. Looking forward to doing the same one day,,, Congrats & Thank You !

#65
Nov 9, 2015 7:56am Nov 9, 2015 7:56am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting eaglestar

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{quote} A variant of option 3 on USDCAD Are we beginning to see? {image}

Ignored

As we observe price, we can learn how to trade it based on fresh areas. I am laying the groundwork for the future of this thread. Please let me know any thoughts or observations.

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#66
Nov 9, 2015 9:30am Nov 9, 2015 9:30am

4xtradingllc
| Joined Oct 2015 | Status: Trader | 2 Posts

Great Thread, Thank you for sharing. I understand the concept and would like to know if you go down to a smaller time frame to enter. I know you said that you want to go over charting first but I see many opportunities on the charts that you posted however, cannot see if you enter on the line or around it. I am assuming a smaller time frame like a 15 min or 5 min for entries?
Thanks

#67
Nov 9, 2015 10:32am Nov 9, 2015 10:32am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting eaglestar

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{quote} A variant of option 1 has begun on the Euro. {image}

Ignored

What do we have here happening on the Euro? How do you read this? As price action forms, we draw potential levels, we observe, wait, and plan a trade.

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#68
Nov 9, 2015 10:58am Nov 9, 2015 10:58am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

As price moves on Audusd, what will happen?

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#69
Nov 9, 2015 11:30am Nov 9, 2015 11:30am

amir558
| Joined Mar 2010 | Status: Trader | 115 Posts

very very interesting. i focus on this way . but i want find 1-trend and 2 - exactly enter point
how you any suggest?

regard

#70
Nov 9, 2015 11:36am Nov 9, 2015 11:36am

amir558
| Joined Mar 2010 | Status: Trader | 115 Posts

beautiful .....................

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#71
Nov 9, 2015 1:27pm Nov 9, 2015 1:27pm

missH
| Joined Jan 2010 | Status: Trader | 132 Posts

Quoting eaglestar

Disliked

I am creating this thread to teach and work together as a team to make trades based on the major pairs. We will start with only horizontal lines, then progress to using more advanced line techniques. This thread is meant to be as simple as possible, and to create the most profit as possible for its readers. There are many threads here on forexfactory to learn from. I have learned a lot from these threads. No Brainer Trades http://www.forexfactory.com/showthread.php?t=86429 Price is Everything http://www.forexfactory.com/showthread.php?t=230888...

Ignored

I like this method!
It is greet.
Thank you for your share.

#72
Nov 9, 2015 4:24pm Nov 9, 2015 4:24pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Quoting eaglestar

Disliked

{quote} What do we have here happening on the Euro? How do you read this? As price action forms, we draw potential levels, we observe, wait, and plan a trade. {image} {image}

Ignored

The trend is strongly down with flagging and strong down moves after retracements. Some retracements have been shallow with continued selling and these IMHO one just has to pass on. Otherwise you end up selling low. Some retracements have been deep enough to warrant selling into the down trend with PA. Currently price is flagging (retracing). I favor more of a retrace with this current flag. The trend line is shown for illustration and I don't necessarily rely on trend lines.

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#73
Nov 9, 2015 4:39pm Nov 9, 2015 4:39pm

Winston Reed
Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts

Quoting eaglestar

Disliked

As price moves on Audusd, what will happen? {image}

Ignored

On the H1 price is trending down. Currently price is in a shallow flag and IMO a more pronounced retrace is needed.

As an example the pink trend was a deep retracement of the previous white trend. There was good horizontal s/r and PA was excellent to sell at or near the trend line. Again the trend lines are just for illustration.

To be consistent with the thread these retracements I look at as waves and these waves provide opportunities. Outlining waves make it easier for us to trade.

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#74
Edited 10:10pm Nov 9, 2015 9:18pm | Edited 10:10pm

aud
| Joined Apr 2008 | Status: Trader | 1,040 Posts

Thanks eaglestar, I'm in.

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Good Trading

#75
Nov 9, 2015 11:43pm Nov 9, 2015 11:43pm

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting Squiggles

Disliked

Hi Eaglestar It's very kind of you to take time out and make the effort to share your methods from scratch. Looking forward to doing the same one day,,, Congrats & Thank You !

Ignored

Thank you for coming Squiggles, more to come....

The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#76
Nov 9, 2015 11:45pm Nov 9, 2015 11:45pm

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting amir558

Disliked

beautiful ..................... {image}

Ignored

It looks like you are beginning to see something.... :nerd:

The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#77
Nov 9, 2015 11:58pm Nov 9, 2015 11:58pm

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Recap of what happened today on Eurusd, using the lines from original chart. What was the story of price action today? How and why did price react and these levels? Did you observe price as it flowed? or were you impulsive. Be better, ever increasing in ability, knowledge, and observation. The pips will soon be on the table for you to take.

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